Incorporation Specialist Blog

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Delaware Court of Chancery gavel laying on a notebook Delaware LLC

Why Solar Companies Should Form Delaware LLCs

What Benefits Are There to Solar Companies Forming a Delaware LLC? Delaware LLCs provide real legal benefits to all types of businesses, including solar companies. Here are the top five benefits of Delaware LLCs for solar businesses: Benefit #1: Limited Liability Protection Delaware LLCs offer limited liability protection, which shields business owners’ personal assets from […]

By Matthew Dochnal May 28, 2024
man forming Delaware LLC on his laptop Delaware Corporation

How Do Corporations Work?

What is a Corporation, Exactly? Corporations are legal business entities that are separate from the real people who own them, run them and work for them. When a business becomes a corporation, it becomes its own person.  In the eyes of the law a corporation is a separate person, different from the real people who […]

By Matthew Dochnal May 28, 2024
woman signing a Delaware LLC document Franchise Tax

Do Delaware LLCs Have To Pay Franchise Tax?

What Is The Delaware Franchise Tax, Again? The Delaware Franchise Tax is an annual requirement that all companies registered in Delaware have to complete. The State of Delaware requires every registered LLC to pay a flat fee of $300 each year to remain in good standing, regardless of business activity. The term “Franchise Tax” can […]

By Matthew Dochnal May 16, 2024
stack of Delaware company documents Delaware LLC

Can A Green Card Holder Set Up A Delaware LLC?

  How To Form A Delaware LLC As A Green Card Holder U.S. green card holders enjoy the same rights and privileges as US citizens when it comes to starting and operating businesses in the United States. The process of setting up a Delaware LLC is identical for green card holders and US citizens alike. […]

By Matthew Dochnal May 10, 2024
man looking at a clipboard of Delaware company documents LLC

How Are LLCs Managed? Member-Managed vs. Manager-Managed

  What Is a Member-Managed LLC? In a Member-Managed LLC, all of the Members are involved in running the business. So, the Members are both the owners and the Managers of the company. In a Member-Managed LLC, each Member can: Sign contracts for the company; Hire employees; and, Make decisions about the company’s direction. What […]

By Matthew Dochnal April 24, 2024
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